2. Meet AlphaStaff – The Company
• Over a decade of growth & success supporting our
clients
• One of the nation’s largest PEOs
• Serve broad range of client companies (10-5000
employees)
• Experienced Senior Leadership team
• Privately-held by Accretive - innovators in outsourcing
& healthcare
LEADERSHIP & INNOVATION QUALITY CAPABILITY
• Broker- friendly -- long-term • A- Rated Carriers • Unique Delivery Model
commitment to broker distribution • SAS 70 Type II certification • Industry Leading Partnerships
model • ESAC Accredited (like the FDIC and SIPC) • Trusted Provider to #1 and #2
• First in industry to introduce a • Six Sigma Methodology Banks in the U.S.
solution for large employers • HR Account Managers- 100% certified
3.
4. • 100,000 employment
related claims filed in 2010 Client Costs
vs. 93,000 in 2009 & More time & effort will
Compliance be required to maintain
• Health insurance costs &
Risks
administration: A growing your clients’ compliance,
burden on employers and
employees
reduce their risks, AND
Broker manage impacts on
• 20% of agents plan to stop Commissions
selling health insurance in your commissions
the future
Source: National Association of Insurance & Financial Advisors; EEOC
5. Differentiate, grow and protect your business.
Create a healthy new revenue stream through
AlphaStaff's attractive Broker Commission Program.
Protect yourself and your clients with our Broker of
Record (BOR) policy.
Stand out from your competition by having a more
robust portfolio of offerings and services.
Watch your business grow as you utilize AlphaStaff
broker tools and support systems.
Rest easy knowing you have an industry-leading
business partner and an experienced team of sales
professionals dedicated to your success.
6. WE ARE THE BROKER’S PEO
We are proud to be known as the Broker’s PEO and as such, we have established a number of principles that guide our
philosophy:
ALPHASTAFF WILL NOT COMPETE WITH ITS CONTRACTED AGENTS.
ALL ALPHASTAFF COMMISSIONS ARE 100% VESTED.
ALL ALPHASTAFF COMMISSION RATES ARE GUARANTEED FOR THE LIFE OF THE ALPHASTAFF CLIENT. *
ALPHASTAFF WILL NOT DISCLOSE AGENCY COMMISSION RATES TO ALPHASTAFF CLIENTS.
STRONG BROKER OF RECORD (BOR) POLICY
Competition between the contracted insurance agents is governed by AlphaStaff’s Broker of Record (BOR) policy.
ONCE ALPHASTAFF HAS RECOGNIZED A REFERRAL AGENT FOR COMMISSION PURPOSES WITH AN
ACCOUNT IT WILL NOT CHANGE THE “REFERRAL AGENT” DESIGNATION TO ANOTHER AGENT.
ALPHASTAFF DOES NOT ACCEPT BOR LETTERS FROM COMPETING AGENTS ON ACCOUNTS WHERE IT
HAS DESIGNATED THE REFERRAL AGENT.
THE ORIGINAL REFERRAL AGENT ON THE ACCOUNT WILL CONTINUE TO RECEIVE COMMISSIONS FOR
AS LONG AS THE ACCOUNT REMAINS WITH ALPHASTAFF.*
*Subject to the terms and conditions as set forth in AlphaStaff’s Master Referral Agent Agreement.
7.
8. Broker
Partners
Our Clients AlphaStaff
• A consultative approach to the client
• Broker friendly – NO TRESPASS
• Solutions-focused Experienced, knowledgeable Sales team
• Single source provider- dedicated team • Industry Licensed
• AlphaStaff trained and certified
10. Downsizing or
State of the
EEOC Issues? Business/Workforce growing quickly?
Growth Strategy
Existing
Workers’
Onboarding
Comp
Workforce Workforce process?
Claim
Separation Recruitment
issues?
High turnover?
Currently
outsourcing
Risk Management Full/part time
payroll?
/Workforce Workforce Retention HR administration?
Maintenance
11. Comprehensive people solutions, consolidation of vendors,
domain expertise, scalable
Payroll and Tax Service Risk Management
Time and Attendance Loss Control
Pay Cards Employer Protection Liability Ins.
Employee Self Service Training
Reporting and Analytics
Benefits & Benefits
Administration
Human Resources Health Insurance
Legal & HR Compliance Support Carrier Integration
Tactical & Strategic Expertise Open Enrollment
Claim & Investigation Support COBRA & Section 125
Unemployment Claims Administration
Administration 401K Retirement Plan
12.
13. My broker and AlphaStaff helped me:
Take work off my desk
Reduce/minimize cost
Manage employees
Stay compliant
Balance coverage with risk
14.
15. A rated carriers, world class service, technology & strategic
partners - providing customized solutions
18. Two components:
1. Existing Business Renewal – Renewing September 1, 2011
• New benefits master plan and new rates
• Re-tiering -- more appropriately spread risks
2. New Business Medical Rates – Effective July 1, 2011
• 14 month rates
• New underwriting process
• New plans
Aetna Reengaged, Rebuilt Relationship
Attractive new business and renewal rates
19. New Business Plans
Competitive -- In-line with market
• Average Decrease from 7-30% vs. current rates for similar plans
(varies by plan)
Renewals
In line with market
Overall increase - all plans:
• HMO: 2%
• Traditional:7.2%
Supplemental Renewals
(Vision, Dental, Life & Disability)
In- line with market
• Dental – ~4% avg. increase
• Vision – :7-11% avg. increase
• Life and Disability – 12-28% decreases (STD, LTD)
20.
21. Roles and Responsibilities
1. Manage all the Licensing and Contracting, known as
the “Legal Entity” ..
•
2. Assist in the Product Selection, Benefit Design and
Underwriting Guidelines specific to Benefits; known
as the “Product Matter Experts”.
•
3. Supervise all commission pass down to our referring
broker network specific to benefits.
4. Collaborate with the broker network.
We enhance attractiveness to our broker network
and increase their profitability.
Editor's Notes
Note:We have the longest standing commitment to the broker distribution channel than anyone else out there. Our competitors have been in/out of the broker channel– AlphaStaff has had established broker partnerships and committed to this channel from the beginning…About our ESAC Accreditation:Similar to the FDIC for the banking industry, the SIPC for the security industry and the State Insurance Guarantee Association, ESAC Accreditation requires a PEO to demonstrate fiscal stability, ethical business conduct and adherence to operational standards & regulatory requirements.AlphaStaff has been ESAC accredited since2000
Industry is changing for agents – and for our clients – particularly in the area of healthcare reform and regulatory compliance in generalGreat time to partner with someone who understand both the needs of brokers and SMB clients
AlphaStaff’s team of Regional Sales Managers are trained and experienced in PEO- AlphaStaff is truly “Broker-Friendly”:Unlike competitors (like ADP and Paychex) who, according to their own external press releases are growing their internal insurance service businesses- targeting YOUR clients- AlphaStaff partners WITH you to retain and protect you book. NO TRESPASS.
Clients don’t know what they don’t know – they are typically unaware of their risk exposure or ways that they can significantly streamline/ improve their people-related processes.Together- we help clients ask the right questions to best assess their needs and measure the value of AlphaStaff services.
You can expect us to bring great companies together to provide best in class products and services to your clients. We’ve worked hard with these partners to deliver you great services at competitive rates. We approach each of our partnerships with our clients and brokers “Critical to Quality” issues in mind…improve my cash flow and give me more time to run my business…and for the brokers help me grow, protect and differentiate. Each of the partners on this slide complete a piece of that puzzle.
-AlphaStaffPartners with SHPS and Sonata to create a comprehensive online benefits website – Open Enrollment, and enhanced client portal (InfoSource)- Partnered with AON Hewitt for Health and benefits strategy plan, and new underwriting process and guidelines- We are engaged with technology leader, CaliberPoint on a number of technology initiatives including the creation of advanced reporting tools – which have the same capabilities of the best reporting tools out there – like ADP Report Writer- We are also working with branding and design experts to build a long awaited new website and reposition our brand in the marketplace